IFS Warns Against "Half-Baked" Tax Rises
The Institute for Fiscal Studies (IFS) has urged Chancellor Rachel Reeves to avoid "simply hiking rates" without reforming the "unfair" tax system.
The IFS recommends that Reeves resist "half-baked fixes" to Britain's economic issues in the upcoming Budget.
- The Government faces pressure to balance the books ahead of the autumn statement.
- A estimated £50 billion "black hole" in the public finances has been warned.
Rachel Reeves could raise tens of billions from tax reforms without breaking Labour's manifesto pledges.
Author's summary: IFS warns Chancellor against unfair tax hikes.